Looper

@BarackObama Dude is still trying to run the country via proxy

Congratulations, Virginia! Republicans are trying to tilt the midterm elections in their favor, but they haven’t done it yet. Thanks for showing us what it looks like to stand up for our democracy and fight back.

This dude is still running the democratic party. He is the "king" you need to worry about. His terms are done, but he is trying to run the country via proxy like he did during Biden's term.

@DemetriusRO6 Largely due to "social" welfare programs.

“The problem with socialism is you eventually run out of other peoples money.” Sweetie we’re $38 trillion in debt under capitalism

@ExitLiqCapital Running the world since 2008 basically

Study Aladdin my Wiggas

One entity controls every asset class in the world btw one singular system

@WarMonitor3 If they want to profit from sea lanes, or rely on them for energy, they should absolutely be responsible for guarding them.

I don’t see the point of Britain or France committing ships to patrolling the Hormuz when it’s already opened…

@aakashgupta As a runner, they don't make the best shit anymore. They used to be the go to for sports equipment, now, there are better options, for cheaper, in every category. I have 10 pairs of running specific shoes and not a single pair is Nike.

Nike wiped out $200B+ in market cap since November 2021. And the chart actually understates how bad it is. This company made one bet that destroyed everything: the direct-to-consumer pivot. During COVID, Nike's online sales surged, and management convinced themselves the stay-at-home economy was permanent. They pulled product from Foot Locker, Dick's, and thousands of wholesale partners to push buyers through Nike.com and Nike stores. That ceded physical shelf space to On Running, Hoka, New Balance, and every competitor happy to fill the void. By the time Nike brought Elliott Hill in as CEO, customers had already moved on. The China numbers are staggering. Seven straight quarters of declining revenue. Greater China sales dropped 17% last quarter. Next quarter Nike expects a 20% plunge. Meanwhile Lululemon is posting double-digit growth in the same market. Anta and Li-Ning are eating Nike's share from below. Nike's China revenue contribution fell from 18.6% in 2021 to 14.2% in 2025. Yesterday Goldman Sachs, JPMorgan, and Bank of America all downgraded the stock on the same day. Net income fell 35% year over year. Gross margin has declined for seven consecutive quarters. And the stock still trades at 38x forward earnings, a premium over the S&P 500 average of 22x. This is what a slow-motion brand collapse looks like with a luxury multiple attached to it. The turnaround keeps getting pushed further out. Management promised growth by early 2027. Wall Street priced that in. Now it's late 2027 at best. The scariest part: Nike is still the #1 sportswear company by market cap. If this is what #1 looks like, the rest of the industry is running a different race entirely.